Texas Instruments Incorporated (NASDAQ:TXN) Stock Holdings Lowered by Cullinan Associates Inc.

Cullinan Associates Inc. lowered its position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Get Rating) by 10.7% in the 4th quarter, Holdings Channel reports. The fund owned 101,981 shares of the semiconductor company’s stock after selling 12,240 shares during the period. Texas Instruments comprises 0.9% of Cullinan Associates Inc.’s investment portfolio, making the stock its 23rd biggest holding. Cullinan Associates Inc.’s holdings in Texas Instruments were worth $16,849,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of TXN. Fairfield Bush & CO. bought a new position in shares of Texas Instruments during the first quarter worth about $56,000. Mirae Asset Global Investments Co. Ltd. grew its position in Texas Instruments by 32.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 996,880 shares of the semiconductor company’s stock valued at $182,908,000 after buying an additional 243,907 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in Texas Instruments by 7.4% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,023 shares of the semiconductor company’s stock valued at $1,105,000 after buying an additional 413 shares in the last quarter. Wsfs Capital Management LLC bought a new position in Texas Instruments in the 1st quarter valued at about $337,000. Finally, Bridgefront Capital LLC bought a new position in Texas Instruments in the 1st quarter valued at about $315,000. Institutional investors own 83.12% of the company’s stock.

Texas Instruments Stock Performance

Texas Instruments stock opened at $175.71 on Friday. Texas Instruments Incorporated has a 12-month low of $144.46 and a 12-month high of $191.34. The company has a quick ratio of 3.77, a current ratio of 4.70 and a debt-to-equity ratio of 0.56. The business’s 50-day moving average price is $175.62 and its two-hundred day moving average price is $169.50. The stock has a market cap of $159.23 billion, a PE ratio of 18.69, a P/E/G ratio of 2.52 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN – Get Rating) last released its earnings results on Tuesday, January 24th. The semiconductor company reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.17. Texas Instruments had a return on equity of 61.06% and a net margin of 43.68%. The firm had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $4.64 billion. During the same quarter in the previous year, the business posted $2.27 earnings per share. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. As a group, analysts expect that Texas Instruments Incorporated will post 7.53 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 14th. Shareholders of record on Tuesday, January 31st were given a $1.24 dividend. This represents a $4.96 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend was Monday, January 30th. Texas Instruments’s dividend payout ratio is presently 52.77%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TXN. Mizuho increased their target price on shares of Texas Instruments from $159.00 to $165.00 and gave the company a “neutral” rating in a research report on Wednesday, January 25th. Citigroup increased their target price on shares of Texas Instruments from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, January 18th. Susquehanna raised their price objective on shares of Texas Instruments from $205.00 to $210.00 and gave the company a “positive” rating in a research report on Friday, February 3rd. Barclays raised their price objective on shares of Texas Instruments from $150.00 to $165.00 and gave the company an “equal weight” rating in a research report on Monday, January 23rd. Finally, Cowen upped their price objective on shares of Texas Instruments from $160.00 to $175.00 and gave the company a “market perform” rating in a research note on Wednesday, January 25th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and an average target price of $179.70.

Insider Buying and Selling at Texas Instruments

In other news, Director Mark A. Blinn sold 3,068 shares of the business’s stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $181.69, for a total transaction of $557,424.92. Following the sale, the director now directly owns 11,773 shares in the company, valued at $2,139,036.37. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Mark A. Blinn sold 3,068 shares of the business’s stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $181.69, for a total transaction of $557,424.92. Following the sale, the director now directly owns 11,773 shares in the company, valued at $2,139,036.37. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Ahmad Bahai sold 1,200 shares of the business’s stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $176.67, for a total value of $212,004.00. Following the sale, the vice president now owns 30,357 shares in the company, valued at $5,363,171.19. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

About Texas Instruments

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Texas Instruments Incorporated engages in the design and manufacture of semiconductors. It operates through Analog and Embedded Processing segments. The Analog segment includes semiconductors change real-world signals, such as sound, temperature, pressure or images, by conditioning them, amplifying them and often converting them to a stream of digital data that can be processed by other semiconductors, such as embedded processors.